The Department of Finance (DoF) on Friday gave its assurance that the business process outsourcing (BPO) sector will keep its global competitiveness in the export market despite the implementation of a progressive tax reform program. Chua explained that receipts from domestic services are already subject to 12 percent VAT, and will remain so with the proposed tax reform. “The concerns raised by the BPO sector against tax reform appear to be misplaced. They will remain competitive as demand for their services are driven by the high quality of service and talent they offer. The tax policy in the BPO sector will remain the same even after Train,” he noted.

Source: Manila Times July 07, 2017 17:15 UTC